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Bullboard - Stock Discussion Forum Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include... see more

TSX:PKI - Post Discussion

Parkland Corp > GEN III OIL - A PRIMARY BUY OUT TARGET
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Post by LeoBelgicus on Nov 15, 2020 11:57am

GEN III OIL - A PRIMARY BUY OUT TARGET

For those not up to spead on the GIII story and the involvement of Parkland :
- GIII is leasing the Bowden plant in Alberta from Parkland
- GIII will be constructing a 2800 BPD plant re-refining plant converting used motor oil into saleable group II+ and group III base oils
- Elbow River, a Parkland subs, has an offtake agreement for 100% of production from the Bowden plant
- GIII getting increased visibility in the market with ongoing discussions with 2 international super majors, with already 1 LOI signed and nearing the signature of a definitive agreement
- Increasing strong investment appetite for ESG, clean energy type investments
- discussions on financing expected to close very soon, confirmed support from EDC and strong interest from First Nations Groups
- on 12 months operations, Bowden expected to generate 85 M in EBITDA and 65 M in FCF

Under the motto " Build it and they will come " , buyout interest is already increasing, multiple CA's have been signed and the plant is not built yet.

Keep an eye on this one.

Leo
Comment by Red_Deer on Mar 29, 2021 2:31pm
NEWS today that GIII GenOil IS going places !!!!
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